Ace Hardware – 3510 N Monroe Street

Ace Hardware at 3510 North Monroe Street is offered for sale as a single-tenant retail investment in Tallahassee, Florida. The current asking price is $2,870,091, with stated annual net operating income of $190,000 and a quoted 6.62% capitalization rate. The marketed building area is approximately 23,625 square feet on a 1.73-acre parcel, producing an asking price of approximately $121.49 per square foot.

The offering is structured as a sale-leaseback with an Ace Hardware operator. The tenant is an established local franchisee; the Ace trade name does not by itself establish a national corporate lease guarantee. The advertised net-lease structure leaves the landlord responsible for roof and structure. Scheduled rent increases are described as 10% at five-year intervals. Current commencement and expiration dates, remaining firm term, renewal options and guarantor obligations should be confirmed against the executed lease and tenant estoppel.

The property fronts North Monroe Street in the Lake Jackson area, within an established corridor of grocery, pharmacy, restaurant, banking and other daily-needs businesses. Access to the surrounding residential neighborhoods and the broader Tallahassee market supports the location’s retail context. The property provides an operating hardware-store setting for an investor evaluating contractual income and future lease obligations.

County records identify parcel 2110513681470, 1.73 acres and original construction in 1990. Official GIS identifies C-2 General Commercial zoning. The marketed leasable-area figure differs from the county’s heated and auxiliary-area measurements, so a current building-area reconciliation is needed. The investment should be evaluated using the signed lease, expense responsibilities, current rent roll, building condition and verified premises measurements.